Financial Reporting Changes Business Analyst | Ref: PIP0008412
Posted 1 week ago by Public Sector Resourcing
Negotiable
Inside
Onsite
London
Financial Reporting Changes Business Analyst Inside IR35
Contract Term: 6 months
Contracting Authority: UK Export Finance
Location: Hybrid Working (two days per week office based London)
When it comes to exporting, having a great product or service is only half the story. Putting the right finance and insurance in place can make the difference, helping you to win contracts, fulfil orders and get paid.
UK Export Finance is the UK government s export credit agency. We support exports for any size company and across all industries, from capital goods to services and intangibles like intellectual property. Our mission is to advance prosperity by ensuring no viable UK export fails for lack of finance or insurance, doing that sustainably and at no net cost to the taxpayer.
Job Purpose:
The Financial Reporting Changes Programme is UKEF s implementation of the changes to accounting standards (IFRS9 Financial Instruments, covering most of its loan and guarantee portfolio, and IFRS17 Insurance, covering its insurance products and some guarantees).
These accounting standard changes mean a change to processes, policies, systems, and required data, introducing new ways of calculating the cost of risk and how we define our contracts as being profitable or otherwise. As part of this work, we are also replacing our core Financial System and General Ledger with significant changes to our architecture.
SC Clearance is an essential requirement for this role, as a minimum you must be eligible and willing to undergo these checks
As a Financial Reporting Changes Business Analyst your main responsibilities would be to:
- Deliver an operational database, sourcing information from across the organisation (from different systems), integrating it and presenting it to calculation engines and risk models. The Financial Data Store (FDS) then picks up the outputs from these and moves the data into a rule s engine, before then working with the outputs into the new ledger.
- Identify and source data from across corporate systems, ETL and Database creation, delivery of bespoke calculations and then working with the reporting teams to deliver the outputs required.
- Help provide the bridge between the accountants, risk, operations, and business group and the Digital, Data and Technology (DDAT) team members.
- Work alongside other Business Analysts within a multi-disciplinary team to turn the accounting and risk requirements into a sequence of Epics, Features, and user stories to be delivered by the development teams, both in source systems and in the new FDS.
- Support the solution design team with any bespoke calculations models and with working with the business to help design the new dashboard, operational user interfaces and reporting requirements.
You ll have:
- Experience in either UKEF, or an insurance or banking organisation who have gone through the IFRS process.
- Comfortable working in an Agile development environment and working with bridging a finance/risk/business gap.
- Previous knowledge of ACBS (a Fidelity Information Systems product) would be beneficial as would experience working with a data warehouse.
- Support of development & test roles within a project environment
- Acted as the Business Analysis on projects which have had significant financial components
- Requirements elicitation and documentation across a number of user areas
- Data modelling (Logical & Physical)
- Ability to planning and manage a diverse and complex workload, keeping sight of priorities and target dates
- High standard of communication in writing and with diagrams.
- The application of one or more formal project delivery methodologies
If this Financial Reporting Changes Business Analyst role sounds like something that you would be interested in, please click the link to apply or get in touch with Michelle.floyd@publicsectorresourcing.co.uk
DE&I commitment
UKEF guarantees to interview all candidates who have a disability and who meet all the essential criteria for the vacancy. In cases where we have a high volume of candidates who have a disability who meet all the essential criteria, we will interview the best candidates from within that group.
If you qualify for the above, please notify us on PSRapplications@publicsectorresourcing.co.uk.
We will be in touch to discuss your suitability and arrange your Guaranteed Interview.
Should you require reasonable adjustments at any point during the recruitment process or if there is a more accessible way for us to communicate, please do let me know.
In applying for this role, you acknowledge the following this role falls in scope of the Off Payroll Working in the Public Sector legislation. Any rates of payment quoted will reflect the gross rate per day for the assignment and will be subject to appropriate taxes and statutory costs. As such the payment to the intermediary and your income resulting from this contract will be different .
Please be aware that this role can only be worked within the UK and not Overseas.